CENN vs QQQ: Correlation
Measured on weekly returns over the past three years, Cenntro Inc. (CENN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENN and QQQ?
Over the past 3 years, CENN and QQQ moved with a correlation of 0.16, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.16 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 313.1 %².
Within CENN's tracked universe of 13 assets, QQQ comes in at #7 by 3-year correlation. The last year tells two different stories: QQQ led by 113.1 percentage points, -86.8% for CENN against +26.3% for QQQ. Risk is not evenly split, since CENN carries 5.0 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CENN vs QQQ: side by side
| CENN (Cenntro Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -86.8% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 98.4% | 19.6% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -99.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | CENN | QQQ |
|---|---|---|
| 2022 | -91.8% | -32.6% |
| 2023 | -96.7% | +54.9% |
| 2024 | -25.7% | +25.6% |
| 2025 | -87.3% | +20.8% |
| 2026 | -48.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between CENN and QQQ?
As of 2026-08-27, the correlation of weekly returns between CENN and QQQ is 0.16 over 3 years, 0.03 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for CENN?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: CENN correlations · QQQ correlations
